CAZ Investments LP

ITEM 5:         FEES AND COMPENSATION

Compensation
CAZ receives advisory fees from the private funds to whom it provides investment management services.
These advisory fees are typically paid monthly, in advance, and typically range between 0% and 2% of the
net asset value or committed capital of the private fund. CAZ may choose to reduce or waive certain
portions of these fees at its discretion.

CAZ may also receive consulting fees from third parties related to projects, investment due diligence, and
special investment analysis services.

Fees
In addition to CAZ’s advisory fees noted above, private funds managed by CAZ may incur fees or expenses
in connection with their investment activities such as brokerage commissions and custodian charges,
interest expense on borrowing or margin accounts, fees charged by third party private funds held as
investments, and other expenses such as those associated with administration, accounting and tax, audit,
broker, legal, regulatory compliance and trading activities. Private funds’ investors are requested to refer
to the applicable funds’ offering documents for complete information on other fees and expenses.
Additionally, investors in private funds, especially tax-exempt or tax-deferred accounts, might incur
additional trustee fees, custodian fees, or other such additional administrative costs as a result of their
investment in private funds.

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                                CAZ Investments, L.P. – Disclosure Brochure

ITEM 7:         TYPES OF CLIENTS

CAZ’s client base is comprised of private funds. The minimum investment amount accepted by each private
fund managed by CAZ varies and can be obtained from each private fund’s respective offering
memorandum. CAZ may, in its sole discretion, opt to waive such minimums.